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Tokyo stocks open down on firm yen, ex-dividend selling

TOKYO
2016-09-28 09:12

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Tokyo stocks dropped from the bell on Wednesday on ex-dividend selling with losses punctuated by the yen's strength against the U.S. dollar.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 196. 96 points, or 1.18 percent, from Tuesday to 16,486.97.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 14.37 points, or 1.07 percent, to 1,334.85.

With the exception of rubber product and food issues, all industry categories on the main section fell into negative territory with insurance, oil and coal products and mining issues comprising the most notable early decliners.

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